How Elon Musk Lost $30 Billion Overnight

Elon Musk’s months-long run as the richest man on the planet has come to an end. The Tesla shares registered a 6% tumble when the markets opened on Monday, the largest one-day drop in the past six months. It registered a further 10% slide on Tuesday after investors became keen on selling off. Within two days, Musk's net worth dropped 30 billion USD. The epic loss occurred due to two main reasons.

The downturn of tech stocksFluctuations in Bitcoin price

Bitcoin rose to a record value a...

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